
Walt Disney Company's Yen Financing
Affaires et économie
Audio avec voix de synthèse, Braille automatisé
Résumé
Walt Disney is considering hedging future yen inflows from Disney Tokyo. It is evaluating techniques using FX Forwards, swaps, and Yen term borrowings. Goldman Sachs presents a rather unusual but potentially attractive solution: Disney could issue ECU Eurobonds and swap… into a Yen liability. The case explains how this alternative would work and suggests to the students ways to evaluate the hedging choices.